Storage centers thriving in Panama

AS APARTMENT and office sizes contract storage centers are growing in Panama and have become a thriving business.
In the last four years $80 million has been invested in the installation or expansion of Micro-storage centers, together with recent growth in demand.

Prensa.com reports that "migration of retirees, from North America and Europe, and the arrival of more investors to Panama and the small sized apartments and offices, have created the need to build warehouses or Micro-storage centers for goods that are not in use but people want to keep. "

According to Lourdes Castanet, Marketing Communications Manager at Grupo Galores, this type of service is in increasingly greater demand in the country because of the fact that increased costs in all industries have meant that residences, apartments and offices are being built smaller because of the higher costs per square meter. "There are some companies that find they have excess inventory and do not have the space to store merchandise or have "passive files" that must be kept until the time comes to use them or destroy," he added.

In addition, there are other companies engaged in similar activity, but using smaller spaces to store jewelry, office goods or personal documents. The rental cost varies according to what you want to store, there are spaces ranging from $10 to $1,500 a month.